TROW - T Rowe Price Group Inc Stock Price, Fair Value and News

111.06USD-0.88 (-0.79%)Market Closed

Market Summary

USD111.06-0.88

Market Closed

-0.79%

TROW Stock Price

View Fullscreen

TROW RSI Chart

TROW Valuation

Market Cap

24.8B

Price/Earnings (Trailing)

13.89

Price/Sales (Trailing)

3.84

EV/EBITDA

9.14

Price/Free Cashflow

27.26

TROW Price/Sales (Trailing)

TROW Profitability

EBT Margin

38.55%

Return on Equity

18.82%

Return on Assets

14.57%

Free Cashflow Yield

3.67%

TROW Fundamentals

TROW Revenue

Revenue (TTM)

6.5B

Rev. Growth (Yr)

7.73%

Rev. Growth (Qtr)

-1.72%

TROW Earnings

Earnings (TTM)

1.8B

Earnings Growth (Yr)

64.51%

Earnings Growth (Qtr)

-3.44%

Breaking Down TROW Revenue

Last 7 days

-0.3%

Last 30 days

-6.1%

Last 90 days

-0.3%

Trailing 12 Months

1.6%

How does TROW drawdown profile look like?

TROW Financial Health

TROW Investor Care

Dividend Yield

4.39%

Dividend/Share (TTM)

4.88

Buy Backs (1Y)

0.33%

Diluted EPS (TTM)

7.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	6.2B	6.3B	6.3B	6.5B
2022	7.7B	7.3B	6.9B	6.5B
2021	6.6B	7.1B	7.4B	7.7B
2020	5.8B	5.8B	5.9B	6.2B
2019	5.4B	5.4B	5.5B	5.6B
2018	5.1B	5.2B	5.4B	5.4B
2017	4.4B	4.5B	4.6B	4.9B
2016	4.2B	4.1B	4.2B	4.2B
2015	4.1B	4.1B	4.2B	4.2B
2014	3.6B	3.8B	3.9B	4.0B
2013	3.1B	3.2B	3.3B	3.5B
2012	2.8B	2.8B	2.9B	3.0B
2011	2.5B	2.6B	2.7B	2.7B
2010	1.7B	1.9B	1.9B	2.4B
2009	1.9B	1.8B	1.7B	1.5B
2008	0	2.2B	2.2B	2.1B
2007	0	0	0	2.2B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Returns of $10,000 invested in:

Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022

Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of T Rowe Price Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 02, 2024	sawyer dorothy c	gifted	-	-	-594	-
Apr 02, 2024	sawyer dorothy c	acquired	5,302	114	46.3725	-
Apr 02, 2024	sawyer dorothy c	acquired	-	-	297	-
Mar 28, 2024	stevens robert j	acquired	17,717	121	145	-
Mar 28, 2024	maclellan robert f.	acquired	12,931	121	106	-
Mar 28, 2024	wilson alan d	acquired	35,194	121	288	-
Mar 28, 2024	dublon dina	acquired	10,651	121	87.3655	-
Mar 28, 2024	wijnberg sandra s	acquired	11,784	121	96.6574	-
Mar 28, 2024	hrabowski freeman a iii	acquired	26,130	121	214	-
Mar 28, 2024	donnelly william p	acquired	4,227	121	34.6721	-

Which funds bought or sold TROW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	WASHINGTON TRUST Co	unchanged	-	6,617	56,693	-%
Apr 23, 2024	Blossom Wealth Management	added	1.94	38,445	287,640	0.69%
Apr 23, 2024	United Asset Strategies, Inc.	added	14.56	264,057	1,153,030	0.12%
Apr 23, 2024	Gradient Investments LLC	reduced	-47.46	-2,574	3,780	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	2.29	98,100	673,963	0.03%
Apr 23, 2024	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	reduced	-73.53	-53,676	20,070	-%
Apr 23, 2024	LaFleur & Godfrey LLC	unchanged	-	42,477	363,932	0.05%
Apr 23, 2024	CARDEROCK CAPITAL MANAGEMENT INC	added	32.89	412,948	1,231,390	0.34%
Apr 23, 2024	ABSHER WEALTH MANAGEMENT, LLC	reduced	-1.28	3,092,300	29,387,900	4.08%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-3.7	131,145	1,584,960	0.03%

Are Funds Buying or Selling TROW?

Are funds buying TROW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TROW

No. of Funds

Unveiling T Rowe Price Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.69%	26,117,725	SC 13G/A
Jan 29, 2024	state street corp	6.80%	15,188,277	SC 13G/A
Jan 25, 2024	blackrock inc.	8.7%	19,505,090	SC 13G/A
Feb 10, 2023	state street corp	6.69%	14,949,873	SC 13G/A
Feb 09, 2023	vanguard group inc	12.40%	27,714,213	SC 13G/A
Feb 07, 2023	blackrock inc.	8.2%	18,399,873	SC 13G/A
Oct 11, 2022	vanguard group inc	10.71%	24,169,568	SC 13G/A
Feb 14, 2022	state street corp	5.40%	12,126,661	SC 13G/A
Feb 03, 2022	blackrock inc.	8.4%	18,809,279	SC 13G/A
Feb 11, 2021	state street corp	5.06%	11,462,942	SC 13G

Recent SEC filings of T Rowe Price Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 04, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 18, 2024	DEF 14A	DEF 14A
Mar 18, 2024	DEFA14A	DEFA14A

T Rowe Price Group Inc News

Latest updates

T Rowe Price Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.7%	1,642	1,671	1,610	1,538	1,524	1,588	1,513	1,863	1,962	1,954	1,929	1,827	1,733	1,596	1,415	1,463	1,469	1,427	1,395	1,327	1,305
Operating Expenses	15.2%	1,255	1,089	1,077	1,053	1,271	1,014	844	986	1,099	958	971	934	977	867	862	755	888	768	780	795	763
EBITDA Margin	9.5%	0.39*	0.35*	0.34*	0.31*	0.30*	0.39*	1.22*	0.50*	0.55*	0.59*	0.62*	0.61*	0.52*	0.48*	0.46*	-	-	-	-	-	-
Income Taxes	19.6%	173	145	159	178	99.00	134	101	165	179	227	259	231	216	222	240	40.00	156	157	184	181	118
Earnings Before Taxes	10.8%	647	584	640	620	389	492	389	679	913	985	1,102	995	1,146	921	969	207	750	702	740	735	390
EBT Margin	9.5%	0.39*	0.35*	0.34*	0.31*	0.30*	0.36*	0.41*	0.48*	0.52*	0.57*	0.59*	0.61*	-	-	-	-	-	-	-	-	-
Net Income	-3.4%	438	453	476	422	266	384	340	568	741	777	816	749	783	643	603	343	545	546	528	513	352
Net Income Margin	8.6%	0.28*	0.25*	0.25*	0.23*	0.24*	0.29*	0.33*	0.38*	0.40*	0.42*	0.42*	0.42*	-	-	-	-	-	-	-	-	-
Free Cashflow	-163.6%	-239	376	323	451	-195	713	556	1,049	301	1,232	744	936	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-2.2%	12,279	12,557	12,621	12,157	11,643	11,993	11,769	12,348	12,509	11,451	11,279	10,764	10,659	10,135	9,477	8,637	9,330	9,398	8,912	8,459	7,689
Cash Equivalents	-19.9%	2,067	2,579	2,250	2,094	1,756	2,444	2,187	2,085	1,624	3,510	3,571	2,914	2,257	2,306	2,183	1,680	1,858	2,294	1,913	1,734	1,495
Net PPE	0.9%	807	799	771	762	756	753	747	736	736	719	717	704	695	682	685	675	674	679	672	667	661
Goodwill	0%	2,643	2,643	2,643	2,643	2,643	2,652	2,652	2,644	2,693	666	666	666	666	666	666	666	666	666	666	666	666
Liabilities	-16.3%	1,988	2,375	2,170	2,083	1,956	2,298	2,031	2,231	2,255	2,102	2,506	1,743	1,390	1,666	1,637	1,232	1,107	1,455	1,321	1,261	825
Shareholder's Equity	1.1%	9,505	9,400	9,466	9,240	8,840	9,115	9,173	9,327	9,271	8,262	7,893	8,008	7,707	7,129	6,751	6,434	7,102	6,840	6,579	6,311	6,124
Additional Paid-In Capital	-10.4%	432	482	521	502	438	499	655	668	920	655	674	655	655	655	655	655	655	655	655	655	655
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	235	-	-	236	238
Minority Interest	-13.3%	192	222	202	194	191	207	209	272	249	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	24,600	-	-	-	25,200	-	-	-	44,600	-	-	-	27,800	-	-	-	25,600	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-133.5%	-157	470	395	512	-135	768	624	1,103	361	1,289	807	995	2.00	276	853	788	22.00	552	370	579	134
Share Based Compensation	76.6%	96.00	54.00	57.00	59.00	100	63.00	59.00	64.00	108	52.00	56.00	58.00	82.00	53.00	53.00	58.00	71.00	45.00	47.00	44.00	62.00
Cashflow From Investing	-48.2%	90.00	174	-78.40	-57.50	28.00	-43.80	-29.50	4.00	-1,155	52.00	37.00	-30.80	17.00	-55.50	-25.20	28.00	-247	-47.60	5.00	-33.80	-45.10
Cashflow From Financing	-55.2%	-461	-297	-175	-144	-460	-485	-486	-644	-1,097	-1,398	-185	-307	-67.00	-108	-318	-992	-209	-121	-195	-306	-776
Dividend Payments	0.0%	280	280	280	282	275	276	277	279	248	949	253	252	210	210	211	215	184	183	183	185	172
Buy Backs	-0.8%	105	106	42.00	8.00	114	225	199	320	633	218	41.00	259	35.00	142	142	891	134	173	164	231	543

TROW Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Net revenues	$ 6,460.5	$ 6,488.4	$ 7,671.9
Operating expenses
Compensation and related costs	2,673.5	2,320.8	2,383.0
Distribution and servicing costs	289.9	301.5	373.9
Advertising and promotion	114.2	97.3	100.2
Product and recordkeeping related costs	291.0	300.1	236.3
Technology, occupancy, and facility costs	632.6	560.5	484.9
General, administrative, and other	$ 421.3	412.2	383.6
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Change in fair value of contingent consideration
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Acquisition-related amortization and impairment costs
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Acquisition-related amortization and impairment costs
Change in fair value of contingent consideration	$ (82.4)	(161.2)	0.0
Acquisition-related amortization and impairment costs	134.2	283.5	0.0
Total operating expenses	4,474.3	4,114.7	3,961.9
Net operating income	1,986.2	2,373.7	3,710.0
Non-operating income (loss)
Net gains (losses) on investments	355.2	(204.7)	215.8
Net gains (losses) on consolidated investment products	164.6	(203.5)	74.7
Other losses	(15.7)	(17.3)	(5.9)
Total non-operating income (loss)	504.1	(425.5)	284.6
Income before income taxes	2,490.3	1,948.2	3,994.6
Provision for income taxes	654.6	498.6	896.1
Net income	1,835.7	1,449.6	3,098.5
Less: net income (loss) attributable to redeemable non-controlling interests	47.0	(108.3)	15.6
Net income attributable to T. Rowe Price Group	$ 1,788.7	$ 1,557.9	$ 3,082.9
Earnings per share on common stock of T. Rowe Price Group
Basic (in dollars per share)	$ 7.78	$ 6.73	$ 13.25
Diluted (in dollars per share)	$ 7.76	$ 6.70	$ 13.12
Investment advisory fees
Revenues
Net revenues	$ 5,747.7	$ 5,969.1	$ 7,098.1
Capital allocation-based income
Revenues
Net revenues	161.9	(54.3)	0.0
Administrative, distribution, and servicing fees
Revenues
Net revenues	$ 550.9	$ 573.6	$ 573.8

TROW Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 2,066.6	$ 1,755.6
Accounts receivable and accrued revenue	807.9	748.7
Investments	2,554.7	2,539.2
Assets of consolidated sponsored investment products ($1,204.4 million at December 31, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities)	1,959.3	1,603.4
Operating lease assets	241.1	279.4
Property, equipment and software, net	806.6	755.7
Intangible assets	507.3	629.8
Goodwill	2,642.8	2,642.8
Other assets	692.5	688.7
Total assets	12,278.8	11,643.3
LIABILITIES
Accounts payable and accrued expenses	409.5	406.7
Liabilities of consolidated sponsored investment products ($35.2 million at December 31, 2023 and $39.1 million at December 31, 2022, related to variable interest entities)	54.2	89.1
Operating lease liabilities	308.5	329.6
Accrued compensation and related costs	240.8	228.0
Supplemental savings plan liability	895.0	761.2
Contingent consideration liability	13.4	95.8
Income taxes payable	66.2	46.0
Total liabilities	1,987.6	1,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests	594.1	656.7
STOCKHOLDERS’ EQUITY
Preferred stock, undesignated, $.20 par value—authorized and unissued 20,000,000 shares	0.0	0.0
Common stock, $.20 par value—authorized 750,000,000; issued 223,938,000 shares at December 31, 2023 and 224,310,000 at December 31, 2022	44.8	44.9
Additional capital in excess of par value	431.7	437.9
Retained earnings	9,076.1	8,409.7
Accumulated other comprehensive loss	(47.5)	(53.0)
Total stockholders' equity attributable to T. Rowe Price Group, Inc.	9,505.1	8,839.5
Non-controlling interests in consolidated entities	192.0	190.7
Total permanent stockholders' equity	9,697.1	9,030.2
Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity	$ 12,278.8	$ 11,643.3

About T Rowe Price Group Inc

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.

CEO	Mr. Robert W. Sharps C.F.A., CFA, CPA
WEBSITE	troweprice.com
INDUSTRY	Asset Management
EMPLOYEES	7903

T Rowe Price Group Inc Frequently Asked Questions

What is the ticker symbol for T Rowe Price Group Inc? What does TROW stand for in stocks?

TROW is the stock ticker symbol of T Rowe Price Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of T Rowe Price Group Inc (TROW)?

As of Wed Apr 24 2024, market cap of T Rowe Price Group Inc is 24.84 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers.

What is the fair value of TROW stock?

You can check TROW's fair value in chart for subscribers. The fair value of T Rowe Price Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of T Rowe Price Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TROW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is T Rowe Price Group Inc a good stock to buy?

The fair value guage provides a quick view whether TROW is over valued or under valued. Whether T Rowe Price Group Inc is cheap or expensive depends on the assumptions which impact T Rowe Price Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TROW.

What is T Rowe Price Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, TROW's PE ratio (Price to Earnings) is 13.89 and Price to Sales (PS) ratio is 3.84. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TROW PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on T Rowe Price Group Inc's stock?

In the past 10 years, T Rowe Price Group Inc has provided 0.06 (multiply by 100 for percentage) rate of return.